Synchronoss Technologies, Inc. (NASDAQ:SNCR) has earned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $13.50.

Several analysts have recently issued reports on SNCR shares. Zacks Investment Research cut shares of Synchronoss Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Raymond James Financial cut shares of Synchronoss Technologies from an “outperform” rating to an “underperform” rating and set a $18.00 target price on the stock. in a research report on Tuesday, September 19th. Deutsche Bank restated a “hold” rating and set a $10.00 target price (down from $18.00) on shares of Synchronoss Technologies in a research report on Wednesday, September 20th. Stifel Nicolaus restated a “hold” rating and set a $10.00 target price (down from $16.00) on shares of Synchronoss Technologies in a research report on Wednesday, September 20th. Finally, Citigroup upped their target price on shares of Synchronoss Technologies to $10.00 and gave the company a “hold” rating in a research report on Wednesday, September 20th.

Shares of Synchronoss Technologies (NASDAQ:SNCR) traded down $0.33 during midday trading on Thursday, hitting $9.35. 2,470,168 shares of the stock traded hands, compared to its average volume of 1,489,724. The stock has a market cap of $405.30, a PE ratio of 6.81 and a beta of 1.55. Synchronoss Technologies has a 52-week low of $8.48 and a 52-week high of $42.70.

A number of large investors have recently modified their holdings of the stock. Elk Creek Partners LLC grew its holdings in Synchronoss Technologies by 3.5% during the 3rd quarter. Elk Creek Partners LLC now owns 2,420,323 shares of the software maker’s stock valued at $22,582,000 after purchasing an additional 81,228 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Synchronoss Technologies by 29.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,357,569 shares of the software maker’s stock valued at $38,782,000 after purchasing an additional 540,181 shares during the last quarter. State Street Corp grew its holdings in Synchronoss Technologies by 8.1% during the 2nd quarter. State Street Corp now owns 1,054,586 shares of the software maker’s stock valued at $17,346,000 after purchasing an additional 78,729 shares during the last quarter. Smith Graham & Co. Investment Advisors LP grew its holdings in Synchronoss Technologies by 11.6% during the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 763,638 shares of the software maker’s stock valued at $7,125,000 after purchasing an additional 79,300 shares during the last quarter. Finally, Kennedy Capital Management Inc. grew its holdings in Synchronoss Technologies by 32.4% during the 2nd quarter. Kennedy Capital Management Inc. now owns 688,652 shares of the software maker’s stock valued at $11,328,000 after purchasing an additional 168,493 shares during the last quarter. Institutional investors own 68.35% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Synchronoss Technologies, Inc. (SNCR) Receives Consensus Rating of “Hold” from Brokerages” was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/12/07/synchronoss-technologies-inc-sncr-receives-consensus-rating-of-hold-from-brokerages.html.

About Synchronoss Technologies

Synchronoss Technologies, Inc is a global software and services company, which provides technologies and services for the mobile transformation of business. The Company’s portfolio in the Consumer and Enterprise markets contains offerings, such as personal cloud, secure-mobility, identity management and scalable messaging platforms, products and solutions.

Analyst Recommendations for Synchronoss Technologies (NASDAQ:SNCR)

Receive News & Ratings for Synchronoss Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synchronoss Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.